Opal Capital LLC Invests $7.09 Million in American International Group, Inc. $AIG

Opal Capital LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 82,834 shares of the insurance provider’s stock, valued at approximately $7,086,000. American International Group accounts for about 1.8% of Opal Capital LLC’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of American International Group during the 4th quarter worth about $27,000. Navalign LLC bought a new stake in American International Group in the fourth quarter valued at about $29,000. Aventura Private Wealth LLC bought a new stake in American International Group in the fourth quarter valued at about $39,000. JPL Wealth Management LLC bought a new stake in American International Group in the third quarter valued at about $39,000. Finally, Jessup Wealth Management Inc bought a new stake in American International Group in the fourth quarter valued at about $40,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

AIG stock opened at $75.13 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of $76.05 and a 200 day moving average price of $77.39. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The stock has a market capitalization of $39.84 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the previous year, the company posted $1.17 EPS. Analysts forecast that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.50 dividend. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.7%. American International Group’s dividend payout ratio is presently 35.27%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AIG. BMO Capital Markets upped their target price on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. UBS Group upped their target price on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Bank of America lowered their target price on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, HSBC upped their target price on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.78.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.